Tian Shan Development (Holding) Balance Sheet Health
Financial Health criteria checks 3/6
Tian Shan Development (Holding) has a total shareholder equity of CN¥2.2B and total debt of CN¥6.0B, which brings its debt-to-equity ratio to 279.8%. Its total assets and total liabilities are CN¥28.0B and CN¥25.9B respectively. Tian Shan Development (Holding)'s EBIT is CN¥113.3M making its interest coverage ratio 23.3. It has cash and short-term investments of CN¥1.9B.
Key information
279.8%
Debt to equity ratio
CN¥6.04b
Debt
| Interest coverage ratio | 23.3x |
| Cash | CN¥1.93b |
| Equity | CN¥2.16b |
| Total liabilities | CN¥25.88b |
| Total assets | CN¥28.03b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 2118's short term assets (CN¥25.6B) exceed its short term liabilities (CN¥22.9B).
Long Term Liabilities: 2118's short term assets (CN¥25.6B) exceed its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 2118's net debt to equity ratio (190.4%) is considered high.
Reducing Debt: 2118's debt to equity ratio has increased from 208.4% to 279.8% over the past 5 years.
Debt Coverage: 2118's debt is not well covered by operating cash flow (16%).
Interest Coverage: 2118's interest payments on its debt are well covered by EBIT (23.3x coverage).